Is Maxeon Solar Technologies Ltd (MAXN) Stock Worth a Buy?

Maxeon Solar Technologies Ltd MAXN stock forecast is reduced by -67.74% over the last one year, as well as the ordinary rating from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, gives MAXN equip a score of 30 out of a feasible 100.

That ranking is mostly affected by a temporary technical rating of 1. MAXN’s rank also includes a long-term technological rating of 37. The fundamental score for MAXN is 50. In addition to the ordinary rating from Wall Street experts, MAXN stock has a mean target rate of $18.13. This implies experts expect the stock to increase 67.51% over the following year.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually dropped -7.04% while the S&P 500 has actually increased 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing rate of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is reduced by -67.74%. MAXN lost -$ 4.64 per share in the over the last one year.

Maxeon Solar Technologies Indications Arrangements to provide over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar development and also networks, today revealed that leading solar company Cypress Creek Renewables (” CCR”) positioned a multi-year order for approximately 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar modules.

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted procure as much as 315MW of Efficiency line components to power multiple solar jobs in both Washington and Texas. This new order adheres to an earlier purchase by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be collaborating with Maxeon Solar Technologies to satisfy this objective as we move forward with further advancement possibilities. Having a solid component partner at this time with a strong manufacturing visibility provides our organization with the convenience required to transform our focus to a seamless project execution technique.”.

” Our company believe that the united state solar market is poised for proceeded solid growth,” stated Jeff Waters, CEO at Maxeon Solar Technologies. “This bargain confirms Maxeon’s strong setting as a major module supplier right into the large as well as growing united state energy range market. We are pleased to be additional strengthening our connection with key critical partners like Cypress Creek Renewables as well as we anticipate proceeding aid power their development in the USA.”.

CCR’s nuclear power plant jobs will be provided from Maxeon’s lately expanded Efficiency line module ability developed to serve the united state solar energy plant market with groundbreaking high-efficiency bifacial products that enhance client levelized price of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon styles and also makes Maxeon ® as well as SunPower ® brand name photovoltaic panels, as well as has sales operations in more than 100 countries, operating under the SunPower brand in certain nations outside the United States. The firm is a leader in solar advancement with accessibility to over 1,000 licenses and also 2 best-in-class photovoltaic panel line of product. Maxeon items cover the worldwide rooftop as well as solar power plant markets via a network of more than 1,400 trusted companions and also distributors.